Brief oil and Gas summary, and possible stocks to watch today...
US Natural Gas price outlook countines to look weak, with Nat Gas prices sitting at $3.20 per MCF... US Nat Gas prices are down 80% in 13 months, since the peak on July 2nd (US time) of 2008... And is the highest falling commodity, and most hit by US stock piles ready to pop like a baloon...
Looks like CTP, Central Petroleum is getting ready for a run... This Company has Mega Acerage... The last couple of days performance speaks for itself... Could this be the next oiler to run like BUY or MMR, MEO? I think it could... very early days...
I am expecting more consolidation with CUE, and HZN as they firm up Manaia apprasial well by adding to current production from the Maari field of a whopping 40,000 BOPD...results due early September
CSG sector continues to remain bullish... any CSG is better than none... Will CTP get the next big deal?
I will make more comment on US Natural Gas tomorrow and how it will effect the 40ish ASX oil stocks in the region... DOWS up, lets have a great day...
Keep an eye on CUE, 30c on these results at Manaia... ... .^shrewd crude
